6/7 years ago my $940 CC debt was sent to collections through B of A. What should I do? : personalfinance

After I was simply out of high-school, my associates satisfied me to get a CC as a result of all of them did (I do know…silly/irresponsible) so we might go on a trip and “not fear about cash”.

I spent rather less that $2k and was paying it off each month for some time after, however at a sure level I needed to transfer out of dwelling because of private/psychological well being causes. I even dropped out of school. I bear in mind being warned about it getting despatched to collections years in the past however I used to be so depressed and simply attempting to outlive (pay my lease/payments, work and keep alive) that I didn’t care. I’ve been residing by myself since and paying my very own lease/payments…nonetheless, residing paycheck to paycheck however issues have been slowly enhancing in my life now. I’ve been doing a bit higher mentally and I’m simply attempting to get my life collectively for a greater future. Taking good care of this debt is my subsequent objective.

I see on my Financial institution of America app that I owe $940 and a few change on that CC nonetheless and it says it was despatched to collections…however underneath “who to contact” it says Financial institution of America…not a set company.

I need to begin fixing my credit score and get my life on monitor. I attempted researching on-line nevertheless it’s all very complicated. I’m afraid to name Financial institution of America to ask as a result of I don’t have an additional $940 to spend on that proper in the meanwhile…but when I had a sport plan I might have that in possibly 2-3 months.

I simply want extra info/recommendation. I haven’t had a bank card since and don’t have every other debt. And don’t fear, I’ve discovered my lesson and am turning into much more accountable with regards to my psychological well being & funds. It’s gradual going however getting there.

So if anybody has any data or recommendation for what I ought to do…please assist my clueless ass out. I’m finished working from my issues now.

Thanks.